Page 3 - Indian Banking System

Universal bank licences: Here are key changes in licensing criterion

Two new sets of banks - small finance banks and payments banks - have also started operations under differentiated licensing norms

RBI Guv Das for greater participation of banks in rupee derivatives market

Currently, domestic banks primarily interact with global market-makers rather than end clients and have yet to establish themselves as significant market-makers globally

Public-sector banks may be allowed to transfer unclaimed shares to IEPF

FinMin preparing to amend Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

RBI to offer CBDC-R accessible to non-bank payments system operators

Farmers to transact through CBDC-R for inputs, first use case of programmability starts today

RBI to allow third-party apps for UPI payments through PPI wallets

Cash deposit facility in banks through UPI soon

SFBs seek glide path from RBI to become universal banks citing eligibility

Lower priority sector lending norms would help in reducing cost

PM Modi pitches for studying newer banking structure to fund future needs

Prime Minister Narendra Modi on Monday said there is a need to study "newer banking structure" with the evolving changes in the financial industry's landscape. Speaking at the inauguration event for the commemoration of 90 years of the Reserve bank of India (RBI) here, Modi said there may be a requirement for newer ways of "financing, operating and business models" in the changing landscape. The PM said the banking industry needs to move forward to ensure that it can fund the credit needs of the projects necessary for the country's future growth. There are some challenges confronting the industry along with this, including artificial intelligence and blockchain, which are changing the face of banking, cyber security amid the increasing reliance on digital banking and innovations like fintechs, he said. "In such a situation, we need to think about the changes that will be required in the country's banking sector and its structure," Modi said in his address to the audience, which ...

The RBI story: 90 and going strong

As the Reserve Bank celebrates its 90th birthday, here's a look at how different the pitch has been for different governors to bat on since economic liberalisation. Part 1 of a two-part series

Banks' GNPAs set to improve further to 2.1% by FY25: Care Rating

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to up to 2.1 per cent by the end of FY25, a report said on Friday. GNPAs are likely to come at 2.5-2.7 per cent in FY24 and will improve further to 2.1-2.4 per cent by the end of FY25, domestic rating agency Care Ratings said in the report. It can be noted that the Reserve Bank of India (RBI) began the comprehensive exercise in the middle of the last decade by instructing banks to classify certain stressed assets as NPAs so that the balance sheets represent a true picture. The rating agency also flagged a list of downside risks, which may result in its estimate not coming true, including a material weakening in asset quality due to the elevated interest rates, the impact of regulatory changes, a tighter liquidity environment and global issues. It said GNPAs surged to 11.2 per cent in FY18 from 3.8 per cent in FY14 due to the AQR process of 2015-16, which pushed banks to recognise NPAs and

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

NBFC's mission to diversify funding may see them struggle in the quest

Mint Road's nudge to NBFCs to diversify their funding will change the game. NBFCs claim they have been caught off guard, but the issue was flagged by RBI Governor

Growing fast, fintech needs a way to keep watch on itself

Global banking generated $6.5 trn as revenue in 2022: Fintech had 5% of the same. But by 2028, fintech revenues are expected to grow three times faster

6 in 10 find hidden charges on online banking platforms, shows data

The survey received over 44,000 responses from users of online banking located in 363 districts of India. Its findings are related to 'dark patterns'

RBI steps up scrutiny of retail lending, targets top-up home loans

The scrutiny marks a change for the central bank, which recently said India's credit expansion did not point to building systemic stress

Indian bankers to get higher salary hikes than Singapore, Hong Kong

Salaries in India could rise by 10% in 2024, analyst Sarah Jane Mahmud wrote in a note Friday, citing survey data from consulting firm Aon

Axis Atlas credit card fiasco: How to avoid your rewards from being blocked

The bank has sent a web link in the mail, allowing users to submit invoices, online

Pages from the diary of a woman PSU banker

Last Friday, the banker offered me the pages from her 2023 diary, taking time out from Women's Day celebrations with her friends

Monitor end use of funds for business cards, says Reserve Bank of India

No need to approval for co-branded cards

RBI may undertake comprehensive review of architecture of payment banks

Governance standards, viability of biz among priorities

Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up

Liquidity may not improve immediately as tax outflows of around Rs 1.25 trn are scheduled in March, says one expert